Valley Wealth Managers Inc. Has $10.10 Million Stake in Invesco Aerospace & Defense ETF $PPA

Valley Wealth Managers Inc. increased its stake in shares of Invesco Aerospace & Defense ETF (NYSEARCA:PPA) by 13.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 64,961 shares of the company’s stock after purchasing an additional 7,617 shares during the quarter. Valley Wealth Managers Inc.’s holdings in Invesco Aerospace & Defense ETF were worth $10,098,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Adapt Wealth Advisors LLC grew its holdings in shares of Invesco Aerospace & Defense ETF by 3.2% during the 2nd quarter. Adapt Wealth Advisors LLC now owns 74,131 shares of the company’s stock valued at $10,504,000 after acquiring an additional 2,303 shares in the last quarter. Detalus Advisors LLC acquired a new stake in Invesco Aerospace & Defense ETF during the third quarter valued at $4,441,000. CWM LLC grew its stake in Invesco Aerospace & Defense ETF by 67.7% in the third quarter. CWM LLC now owns 30,709 shares of the company’s stock valued at $4,774,000 after purchasing an additional 12,394 shares in the last quarter. Advisors Capital Management LLC purchased a new position in Invesco Aerospace & Defense ETF in the second quarter valued at about $355,000. Finally, Thrivent Financial for Lutherans acquired a new position in Invesco Aerospace & Defense ETF in the 2nd quarter worth about $2,189,000.

Invesco Aerospace & Defense ETF Price Performance

PPA opened at $175.68 on Friday. The company has a market capitalization of $7.83 billion, a PE ratio of 30.91 and a beta of 0.87. Invesco Aerospace & Defense ETF has a fifty-two week low of $100.39 and a fifty-two week high of $181.31. The business has a 50-day moving average of $161.69 and a 200-day moving average of $154.49.

Invesco Aerospace & Defense ETF Profile

PowerShares Aerospace & Defense Portfolio (Fund) seeks investment results that correspond generally to the price and yield of the SPADE Defense Index (the Index). The Index is designed to identify a group of companies involved in the development, manufacturing, operations and support of the United States defense, homeland security and aerospace operations. The modified market-cap portfolio is rebalanced quarterly and reconstituted annually. The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index.